Record figures are expected for the global sunflower oil market

According to preliminary forecasts, the season 2018-2019 will be designated for a record world production of sunflower oil increase about 0.7 million tons. It is expected to receive 19.6 million tons, which is higher than the previous season, when it was received 18.9 million tons.·

  • 11.5 million tons of sunflower oil will be from the Black Sea region countries` production
  • 1.5 million tons is expected from Argentina, which will be an update of the seven-year high volume.

For the EU and Turkey, the forecast for sunflower oil production  market  is less optimistic.As for the world price policy, the current indications are at a ten-year low.Sales of Ukrainian sunflower oil (FOB Ukraine) are fixed at $ 20-30 level higher against soybean oil from the South American region (FOB Argentina).


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